Google search has given me a hint that it might be related to multicore processors.I am trying to run it to a 64bit Windows 7.
My dev environment is Qt Creator 2.4.1 Based on Qt 4.7.4 (32 bit).Is there anything I could do to get it to work?
Any help would be appreciated.

It is an open source project that I want to costumize.I guess my best option is to keep the flags and change the compiler.I just learnt that it was done using visual studio 2008 with qt add ins.Looking into that .Thanks for your help.It pointed me in the right direction.

I was in a hurry to get it running for my company .I could successfully build it and I am looking into customization options.When the time allows I plan to write down all the steps I followed and make 'm into a nice tutorial.Who knows,somebody might run into the hassle I was into the last two days.Anyways thanks for your help Tobias.